Thread regarding ConocoPhillips layoffs

I think COP will cut more jobs for sure. I would have moved with new opportunity!

From a current COP employee: I like the company and feel that after things turn around we will grow again. that being said your opportunity sounds too good to pass up.

I work with lots of people who survived the '80s, the '09 financial crisis, and the various smaller downturns in between. None of them would trade their career in the oil and gas industry for any other option. With that said, your opportunity sounds pretty good. If the other industry is historically stable and is stable today, peace of mind is hard to argue with... That's my 2 cents.

http://www.houstonchronicle.com/business/energy/article/Reports-from-the-oil-patch-may-bring-unwelcome-6197583.php?cmpid=btfpm

Wow Anonymous95621 you sure told off some anonymous person good. Told him/her where to put it, how to think and how to participate in this forum. Your opinion matters more than any others so close down the thread unless everybody agrees with you. Your passive aggressive stance reveals a lot about you. I'll go back to my BP thread. Good luck to everybody across the street.

If you are not gone this time you will be next month or in the next crisis in 2 or 3 or 5 or 10 years. And this year several oil and gas companies will be sold/merge out of existence.

Oil and gas companies pay better then average because they are boom or bust and not a stable place to build a career.

Yes this is a layoff site. For people concerned with how layoffs effect them. This person is asking a legitimate question about his or her situation. A situation that directly relates to layoffs so Anonymous89573, stuff it. This person asked a question of current and former employees for an outside opinion based on the layoff climate. You don't like it, don't reply, just keep scrolling.

I say if the offer is good enough that you are considering it enough to ask for outside advice, then it must be good enough to take. Look at the company you will be moving to. If they have the potential to be as great as you feel your employment at COP is, then go. If the risk is too great, stay and as you say "ride it out". I do believe that more are layoffs are coming. No insider knowledge, just years of COP experience to my credit. So I think the real question you have to ask is, how likely do you think you are to not have your card pulled?

Put it to you this way - given the supply of oil it will take 2 to 4 years of drastic supply cuts or demand increases to stabilize market and bring in some growth to the sector. The questions you should be asking yourself is: Do I want to be in an industry that will be contracting for up to four years. Keep in mind that the market will bounce back eventually and you may benefit at that point. If you can wait, I can tell you that good times will come, yet nobody knows when and we all know it will take years to get there. I hope this helps.

It is hard to think that more downsizing won't come soon. If you have a chance to get out of oil and gas do it. I'm stuck here because of stock grants or I'd leave. Guess I sold my soul.

It's a very tough decision, I know because I have had a few very intriguing options in the past and each time I decided to stay with COP, because of the time vested, security, benefits and so on... I say, if you like what you do, and you're happy with the company and you don't have a serious gut intuition that your card will be pulled the next go round then ride it out. If you worry and can't quit thinking that you may be next then I would follow my gut. I will say though that if another intriguing opportunity arises for me in the near future then I would certainly have a difficult time staying with COP. Just my 2 pennies... Good luck with your decision. I say don't sweat it, I was looking for a job when I found this one...GL

This sight is called The Layoff for s good reason. Info on layoffs. Why don't you go to a job search site instead.

This sight is called The Layoff for s good reason. Info on layoffs. Why don't you go to a job search site instead.

I think you should consider the other job, I was an employee when the layoffs were done in 2008, so this is the second time I've been thru the worrying, I've always done my job to the fullest, and beyond, sometimes that doesn't matter. I aways thought this was a good company to work for, and in some areas it is. I have worked for COPC since 1993. I too got a job offer out of the oil and gas industry, and took it. It was a hard decision because at anytime you can be let go with any company. At COP I was a Project Planner, and since the area I was working stop all projects, I thought It was the best decision to make. The industry I went into I feel safer. Good Luck.

If you prefer the cyclic nature of the business, then stay. As you said, you planned to retire in the company, then this downturn is no way the last one in your career. Which means the next round of cut isn't the last one you have to dodge before you retire